The Bottom Falls Out Of The European Consumerhttp://www.businessinsider.com/horrendous-european-retail-sales-2012-12/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 09 Dec 2016 11:59:43 -0500Joe Weisenthalhttp://www.businessinsider.com/c/50bf57c069beddfe6c00001aMillie CooperWed, 05 Dec 2012 09:18:40 -0500http://www.businessinsider.com/c/50bf57c069beddfe6c00001a
This will be a really long recession. Meanwhile the EU bureaucracy will be expanding over 272 solar systems.http://www.businessinsider.com/c/50bf35d469bedd0617000009black swanWed, 05 Dec 2012 06:53:56 -0500http://www.businessinsider.com/c/50bf35d469bedd0617000009
I believe this is the answer to your question:
"The improving numbers are mostly because of government investment," said Dong Xian'an, economist with Peking First Advisory, referring to the official PMI.
"From the second quarter the government has unleashed a lot of projects, and that has started to be felt in the economy, but it's not a very healthy recovery yet."
Try to imagine how much growth there would be in the US without government "investment", and you've probably got a pretty good handle on what's happening in China (where the PMI had been down for seven quarters in a row). China is up on construction but down on exports. In fact, China's steel pipe exports were down 17.76% in one month, and most of those exports went to South Korea and the US, not to the EU.http://www.businessinsider.com/c/50bf34e36bb3f7f366000014mike42343Wed, 05 Dec 2012 06:49:55 -0500http://www.businessinsider.com/c/50bf34e36bb3f7f366000014
Because governments lie.http://www.businessinsider.com/c/50bf33a469bedd760e000015NeitherHereNorThereWed, 05 Dec 2012 06:44:36 -0500http://www.businessinsider.com/c/50bf33a469bedd760e000015
Wow, little Joey W - this might be among your top 5 worst articles ever.
Title: The Bottom Falls Out Of The European Consumer
Opening Statement: There are green shoots in Europe.
WTF?! Seriously? This breaks EVERY rule of ANY language when it comes to writing. Unless it's satire, but I don't think BI is satire. Anyway....
But it gets worse:
Financial markets are doing well both on the equity and debt front. Germany's engine is revving again. PMI data hit its lowest level in 8 months.
So, 2 sentences about how great things are, then a statement about how horrid PMI is? Again...REALLY, Joey?! Somebody please teach this man how to write.
And the article continues going every which direction. Reading doesn't make me tired; reading little Joey W's writing just completely wipes me out.http://www.businessinsider.com/c/50bf30b569bedd800b000016tWed, 05 Dec 2012 06:32:05 -0500http://www.businessinsider.com/c/50bf30b569bedd800b000016
then how come china's PMI grew....since most of its exports are to europe where unemployment is rising month on moth.
I am not questioning you...i am just wondering.http://www.businessinsider.com/c/50bf2e4b69bedd3d7f00001ablack swanWed, 05 Dec 2012 06:21:47 -0500http://www.businessinsider.com/c/50bf2e4b69bedd3d7f00001a
In August, EU cars sales had already hit a 22-yr low, and by October, EU car sales dropped to a 12-month low from the previous anemic car sales year:
"Germany - the largest economy in Europe and one of the biggest car manufacturers in the world - saw its car sales drop 10.9%. France fell by 17.9%, Italy fell by 25.7% and Spain declined by 36.8% from September 2011."
In November, French car manufactures experienced a sales drop of another 13%, which was an all time record for all EU countries. By in large, the citizens of the EU are broke. What's going on in Europe is a bit worse than a recession. After all, "unemployment in Greece hit a record 25% in July, government figures show, with youth unemployment reaching more than 54%."http://www.businessinsider.com/c/50bf2471ecad04ac5f00000cooohlalalarryWed, 05 Dec 2012 05:39:45 -0500http://www.businessinsider.com/c/50bf2471ecad04ac5f00000c
Excellent chart, but somebody's got sticky fingers this morning:
"the EU272"
"October 20124"http://www.businessinsider.com/c/50bf245becad043064000003tWed, 05 Dec 2012 05:39:23 -0500http://www.businessinsider.com/c/50bf245becad043064000003
I hope manufacturing companies keep this in mind and cut down on the ''over production'' of goods as inventories will only pile up.......something which has already begun. Streamlining of manufacturing is good for them, good for natural resources ( as manufacturing takes up a lot if water, energy) and good for the consumer as the expenses saved as a result ''could'' motivate them to price their stuff lesser